Legislation
PAYE 2023-24
Date
6 April 2023
Summary
PAYE Personal Allowance
£12,570
PAYE Thresholds
Weekly: £242
Monthly: £1,048
Standard tax code
1257L
Emergency tax codes
1257 W1
1257 M1
1257 X
Tax Code uplifts
L: N/A*
M: N/A*
N: N/A *
*due to no change in the Personal Allowance
Income Tax Rates – England & Northern Ireland
- Basic rate 20% 1 – 37,700
- Higher rate 40% 37,701 – 125,140
- Additional rate 45% 125,141 >
Income Tax Rates* – Scotland
- Starter rate 19% 1 – 2,162
- Basic rate 20% 2,163 – 13,118
- Intermediate rate 21% 13,119 – 31,092
- Higher rate 42% 31,093 – 125,140
- Top rate 47% 125,141 >
Income Tax Rates* – Wales
- Basic rate 20% 1 – 37,700
- Higher rate 40% 37,701 – 125,140
- Additional rate 45% 125,141 >
*Income Tax rates and thresholds are subject to parliamentary approval.
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